NASDAQ: KROS - Keros Therapeutics, Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = -5.2
CAGR EPS = 45.17%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 27.39 + (27.39 * 45.17% / 100) = 39.75

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -1.52
Ebitda Yield = 0.5847
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0
Debt = 0.0144
Market Cap = 1.27
Weight Debt = Market Cap / (Market Cap + Debt) = 1.27 / (1.27 + 0.0144) = 0.9888
Weight Cost Debt = 100% - 0.9888 = 0.0112
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = -5.37
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -5.37 * 5.94 + 0 = -0.2917
WACC = (0 / 0.0144) * (100% - 0.9888) * (1 - 0.21) + -0.2917 + 0.9888 = -0.2884
Terminal Value = Discount (-1.52 * (1 + 0.5847) / (-0.2884 - 0.5847)) = -4.16
Company Value = ∑ (-1.52 / (1 + -0.2884) ^ 5) = -3.75
Price = (Terminal Value + Company Value) / Count shares = (-4.16 + -3.75) / 29450000 = -268.64

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.6991
FCF Yield = 0.4066
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0
Debt = 0.0144
Market Cap = 1.27
Weight Debt = Market Cap / (Market Cap + Debt) = 1.27 / (1.27 + 0.0144) = 0.9888
Weight Cost Debt = 100% - 0.9888 = 0.0112
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = -5.37
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -5.37 * 5.94 + 0 = -0.2917
WACC = (0 / 0.0144) * (100% - 0.9888) * (1 - 0.21) + -0.2917 + 0.9888 = -0.2884
Terminal Value = Discount (-0.6991 * (1 + 0.4066) / (-0.2884 - 0.4066)) = -2.44
Company Value = ∑ (-0.6991 / (1 + -0.2884) ^ 5) = -2
Price = (Terminal Value + Company Value) / Count shares = (-2.44 + -2) / 29450000 = -150.65